In an article for Law360, real estate partner Sally Davis and counsel Pete Scherer and Michael Allen commented on commercial real estate (CRE) trends from 2023 and highlighted what to expect from 2024.
“2023 was, to put it mildly, a challenging year for the commercial real estate industry, marked by participant patience in the face of various headwinds ranging from shifting asset class-specific demand trends to more macro drivers like evolving regulatory landscapes, war and geopolitical realignment, and a whipsaw shift in fiscal policy.”
The article states that “despite the obstacles, business continues, and some of the noteworthy events and trends from 2023 leave us cautiously optimistic for the year ahead.”
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